The story of this market
The typical home in ZIP 39402 sells for about $299,000, or $141 per square foot.
Prices are up +10.6% from a year ago, so sellers still have some momentum. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $1,173 a month.
ZIP 39402 — Hattiesburg
The 39402 housing market remains active with sustained buyer interest and moderate price appreciation. While inventory levels have increased, demand remains supported by the area's strong employment base and educational institutions. The market is currently characterized by a measured pace, balancing buyer affordability with seller expectations.
This ZIP code is ideal for family buyers and professionals seeking suburban living with convenient access to Hattiesburg's amenities. It offers a balance of affordability and school quality that appeals to those looking for long-term residential stability.
Median prices moved up 10.6% year over year.
Homes spend a median of 56 days on market with 4.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 14.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 39402, Lamar County MS
Crime rates in the Hattiesburg area are generally consistent with regional averages for mid-sized Southern cities. Local law enforcement reports stable trends, though property crime remains a primary focus for community safety initiatives.
The area is served by the Lamar County School District, which is generally regarded as providing stable educational outcomes for the region. Schools in this ZIP code are often cited for their accessibility and community involvement.
The region is subject to seasonal severe weather, including thunderstorms and occasional tropical storm impacts. Flood insurance is recommended for properties in low-lying areas, and wind-mitigation standards are standard in local building codes.
Economic momentum is driven by the proximity to the University of Southern Mississippi and the regional healthcare hub. Infrastructure improvements along the Highway 98 corridor continue to support commercial and residential expansion.
Property taxes are assessed at the county level by Lamar County, with rates determined by local millage levies. Homestead exemptions are available for primary residences, and there are no state-level property taxes.
Residents primarily rely on personal vehicles for commuting, with Highway 98 serving as the main artery connecting the ZIP to the Hattiesburg employment core. Average commute times are moderate, reflecting the suburban nature of the area.
The area features access to local parks and green spaces, with proximity to the Longleaf Trace trail system. Shopping and dining options are concentrated along the major commercial corridors within a 3-mile radius.
The rental market is characterized by moderate vacancy pressure and steady demand from students and young professionals. Rent growth has tracked with broader regional inflation, with a mix of apartment complexes and single-family rentals.
The economy is anchored by the University of Southern Mississippi, regional healthcare systems, and a diverse retail sector. It serves as a commercial hub for the surrounding Pine Belt region.
Transportation is primarily automobile-dependent, with well-maintained highway access. Public transit options are limited, focusing mainly on local university-linked services.
Development is focused on expanding residential subdivisions and commercial retail space along the Highway 98 corridor. Zoning is managed to balance suburban growth with existing infrastructure capacity.
The Lamar County Tax Assessor manages property valuations, with assessments typically updated on a cyclical basis to reflect market conditions.
Parcels are subject to Lamar County school taxes and various municipal service districts. Utility districts manage water and sewage services in unincorporated areas.
Property insurance premiums are influenced by regional wind and storm risk profiles. Market health is stable, though carriers remain selective regarding coverage for older structures.
The state continues to see modest net domestic migration, with growth concentrated in regional hubs like Hattiesburg.
Mississippi operates as a non-judicial foreclosure state, allowing for efficient processing of defaults under the deed of trust.
Sellers are required to provide a property condition disclosure statement, though the state maintains a 'caveat emptor' tradition in many real estate transactions.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A multi-use recreational trail that serves as a major regional amenity for cycling and walking.
Provides golf and social amenities for the local community.
The primary regional shopping destination serving the Hattiesburg area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.